Chapter 1: In Search of the Trust Protocol

Chapter 1: The Trust Protocol

Key take aways:

1. " Internet brought us email, world wide web, dot-coms, social media, mobile web, big data, cloud computing, and the early days of internet of things, it has been great for reducing cost of searching, collaborating, and exchanging information"

2. "Through sensor technology, it has infused intelligence into our wallets, our clothing, our automobiles, our buildings, our cities, and even our biology"

3. "Data is becoming a new asset class"

4. "Governments of all kinds use the internet to improve operations and services, but they now also deploy technology to monitor and even manipulate citizens"

5. "We can start to change the way wealth is distributed, how it is created in the first place, as people everywhere from farmers to musicians can share more fully, a priori, in the wealth they create".

6. "You are your data, the identity is now yours, but the data comes from its interaction in the world is owned by someone else"

7. "Prosperity first and foremost is about ones standard of living. to achieve it, people must have means, tool, and opportunities to create material wealth and thrive economically"

8. "When everyone shares the same distributed ledger, settlements don't take days, they occur instantly for all to see. Billions will benefit, and this shift could liberate and empower entrepreneurs everywhere"

9. "Universal property rights could lay the groundwork for a new agenda of global justice, economic growth, prosperity, and peace. in this new paradigm, rights are protected, not by guns or militias or minutemen, but by technology"

10. "Smart contracts enable the creation of what we call open networked enterprises based on a new set of business models, or old business models with a blockchain twist".

11. "We can attach metadata to smart devices and program them to recognize other objects by their metadata and to act or react to defined circumstances without the risk of error or tampering"

12. "it could help us usher in a new era of prosperity. we believe that the economy works best when it works for everyone, and this new platform is an engine of inclusion"